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Old 10-19-2008, 10:50 PM   #61
tw
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Quote:
Originally Posted by classicman View Post
An interesting description of Obama tax plan.
And then we hear what the rich men have been saying. Warren Buffet has long complained that he and his peers are not taxed enough. A recent GAO study discovered that at least 50% of American corporations don't pay any taxes. The only place the tax cut does not appear - among the moderate and low income earners.

Wacko extremist conservatives whose power comes from legalized bribery would rather these realities are not discusses. Let's see. Whereas the income of the richest have increased to numbers never before seen in history, the income of the average America dropped by 2%.

Rush Limbaugh will never mention these numbers or what the richest men have long been saying. Warren Buffet long ago complained how he pays less taxes than his receptionist.
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Old 10-19-2008, 11:09 PM   #62
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Any questions about why the richest 2% get the most tax breaks?

Let's put tax cuts in terms everyone can understand.

Suppose that every day, ten men go out for beer and the bill for all ten
comes to $100.
If they paid their bill the way we pay our taxes, it would go something
like this:

The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.

So, that's what they decided to do.

The ten men drank in the bar every day and seemed quite happy
with the arrangement, until on day, the owner threw them a curve.
"Since you are all such good customers," he said, "I'm going to reduce
the cost of your daily beer by $20."Drinks for the ten now cost just $80.

The group still wanted to pay their bill the way we pay our taxes so the
first four men were unaffected. They would still drink for free. But
what about the other six men - the paying customers? How could they divide
the $20 windfall so that everyone would get his 'fair share?'
They realized that $20 divided by six is $3.33. But if they subtracted
that from everybody's share, then the fifth man and the sixth man would
each end up being paid to drink his beer.
So, the bar owner suggested that it would be fair to reduce each
man's bill by roughly the sa me amount, and he proceeded to work out the
amounts each should pay.

And so:

The fifth man, like the first four, now paid nothing (100% savings).
The sixth now paid $2 instead of $3 (33%savings).
The seventh now pay $5 instead of $7 (28%savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before. And the first four continued
to drink for free. But once outside the restaurant, the men began to
compare their savings.

"I only got a dollar out of the $20,"declared the sixth man. He pointed
to the tenth man," but he got $10!"

"Yeah, that's right," exclaimed the fifth man. "I only saved a dollar,
too. It's unfair that he got ten times more than I!"

"That's true!!" shouted the seventh man. "Why should he get $10 back
when I got only two? The wealthy get all the breaks!"

"Wait a minute," yelled the first four men in unison. "We didn't get
anything at all. The system exploits the poor!"

The nine men surrounded the tenth and beat him up.

The next night the tenth man didn't show up for drinks, so the nine
sat down and had beers without him. But when it came time to pay the
bill, they discovered something important. They didn't have enough money
between
all of them for even half of the bill!

And that, boys and girls, journalists and college professors, is how our
tax system works. The people who pay the highest taxes get the most
benefit from a tax reduction. Tax them too much, attack them for being
wealthy, and they just may not show up anymore. In fact, they might
start drinking overseas where the atmosphere is somewhat friendlier.
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Last edited by classicman; 10-19-2008 at 11:49 PM.
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Old 10-19-2008, 11:40 PM   #63
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David R. Kamerschen's homepage. Check the second sentence.
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Old 10-19-2008, 11:49 PM   #64
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Ohh - wow - I tried to check it out on snopes and it didn't come up. Oh well. My bad.

I took his name out so that I don't keep the incorrect info going.
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Old 10-21-2008, 11:19 AM   #65
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Probably worth pointing out that, if you are a wealthy patron, there aren't many friendlier eateries than Uncle Sam's. I'm pretty sure they could stand a few more 'unfair' beer bills before that establishment became less appealing than others.

It's about balance. It's true, if you go too far, then you push the wealthy away to tax havens and other nations. You only have to look at the 'brain drain' in the UK when we operated the so-called Super Tax. We went too far. Now, I believe we have swung the pendulum too far in the other direction and our wealthiest people and businesses get it far too easy. But I would contend that America has a fair way to go before its wealthy start to feel even the beginnings of a tax pinch compared to those in many developed countries. The middle class meanwhile bear a disproportionately heavy burden. Damn right those guys in the middle should have their load lightened.
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Old 10-21-2008, 11:44 AM   #66
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I think the moral of that story is, discounts are perceived as unfair so scrap them - everyone was happy until that happened.

Oh and use your fists for raising the beer glass rather than fighting, especially if you're being bought drinkd.
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Old 10-21-2008, 11:44 AM   #67
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A friends take on it.

Quote:
He is a far left liberal and his "distribution of wealth" is verging on socialism. BUT - There are many more "poor and lower class" people who will initially reap the rewards of this plan and be happy. As the wealthy, who really drive our economy get screwed, the tide will turn. This is a big fear of mine. Luckily I'm in the former not the latter group, so I'll have it good for awhile anyway - maybe.Do you remember Jimmy Carter and the 70's - how is this different?
My reply - No I don't remember...... Do any of you?
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Old 10-22-2008, 11:11 AM   #68
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Be careful what you wish for.
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Old 10-27-2008, 10:19 AM   #69
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The election is now eight days way. If you've made up your mind for Obama; or if you're trying to noodle through some of the things he's been saying on the campaign trail, this should help. I've taken four statements that The Chosen One repeats at almost every campaign rally. Now these statements are pretty powerful ... if unchallenged ... and we know that the MoveOn Media isn't exactly what we would call "eager" to challenge God's Candidate on any of these issues.

So, here we go again .. this simple talk show host (right wing, hate-filled shock jock, I believe they call us) is going to use some basic logic and the ability to actually read newspapers to catch you up to speed on just what the Big BO is saying here. Now if you're educated in our wonderful government schools you may find this challenging. Stick with it. In spite of what the government has done to you, you can generate some new brain cells that will help you deal with this stuff. It would also help if you got your campaign news from somewhere other than Saturday Night Live.

Here we go, front and center with Barack Obama!

"I'm going to cut taxes for 95% of Americans."

This Obama promise has already been pretty much debunked in the media. The problem is that it hasn't been debunked on the Black Entertainment Television network or on Inside Edition or Entertainment Tonight. Until these television outlets bring forth the facts most of Obama's supporters won't know the truth.

And what is the truth? The truth is that almost one-half of working Americans eligible to vote don't pay federal income taxes in the first place. This brings forth the interesting question of how do you cut taxes for people who don't pay taxes. What Obama has done here is change the definition of "tax cut."

It used to be that when the government walked up to someone who had just received their paycheck and said 'Gimme some of that," and the government then gave that money to someone else who had not earned it; that was called welfare. Now apparently you can't get welfare if you're working ... so we'll just call it income seizure and redistribution. Under Obama a couple earning, for example, $70,000 and owing no federal income taxes at all will get several checks from Obama's federal taxpayer-funded treasury. These checks will be called "tax cuts."

So .. for those who don't pay taxes, here are some of the "tax cut" checks you'll be getting from The Chosen One. I'm taking some literary license here and replacing the words "tax credit" with the word "payment." That literary flourish brings us much closer to the truth. Here are your goodies; come and get 'em:

A $500 "make work pay" payment.
A $4,000 payment for college tuition.
A payment equal to 10% of your mortgage interest
A payment equal to 50% of the amount of money you put into a savings account up to $1000.
A payment equal to 50% of the amount of money you pay for child care up to $6000.
A payment of up to $7,000 if you purchase a "clean car." By that Obama means an environmentally correct car.
Plus ... an expansion of the earned income tax credit .. increased payments on top of your earnings if the government doesn't feel you are earning enough.

There you go ... Obama's "tax cuts." Sounds pretty good, doesn't it. Well, I guess it is, if you're not too successful it IS pretty good. Remember, the harder you work the lower these payments get. Barack Obama's tax plans are all about punishing success and rewarding failure. He understands that if it weren't for failures, Democrats would be scrounging in the alleys for votes.

It's rather ironic that the Obama campaign will go to the mat with critics over the definition of "socialist," but feel absolutely free to change the definition of "tax cut" to anything that suits them.

"95% of small businesses won't pay any more taxes."

Once people started hearing that the very people that Obama wanted to raise taxes on are the people we depend on for jobs, The BO campaign had to come up with a line to neuter the "small business" argument. Barack Obama knows he's in trouble if the voters find out that 70% of all extant jobs are in the small business sector and that 80% of all new jobs are coming from small businesses. So, Obama comes up with this line about 95% of small businesses not paying any more taxes under his plan.

Here's the trick. Let me illustrate reality with a simple comparison. Let's say that we have 1000 small businesses. About 950 of them, that would be 95%, employ one or two people each for a total employment figure of 1,200. Now let's assume that the other 50 businesses employ anywhere from 20 people to hundreds of people for a total of about 250,000 workers. If someone comes along and says 95% of small businesses won't be affected by his tax increases, how do you feel? You know that the tax increase is going to slam those businesses that employ 250,000 workers, while leaving the 95% of businesses that employ just 1,200 people alone. Quite a deal, huh. Aren't you impressed?

The point here is that it's not the percentage of small businesses your tax increases hit, it's the percentage of small business employees. Unfortunately that nuance is lost on the majority of voters educated by the government, and the MoveOn Media sure isn't going to take the time to explain it to you. Obama's tax increases are going to hit the small business owners who employ the most people. They are the ones that make the most money. These business owners are going to respond to the tax increases one of two ways. They'll increase prices -- which hit all of us -- or they'll cut expenses. Their number one expense? Personnel. Vote for Obama, say TTFN to your job. Makes perfect sense to me, but then I was government educated too.

"John McCain voted with George Bush 90% of the time."

First of all, George Bush doesn't cast votes in the U.S. Senate, though McCain and Obama do. The best way to judge how they vote is to see how often they vote with their respective parties. You might want to get those nuisance resolutions proclaiming the need for a colonoscopy every once in a while out of the way. That would leave some key votes for you to consider. The Congressional Research Service did the work. They looked at votes for Obama and McCain on KEY issues. The results? Barack Obama voted with Democrats 97% of the time. John McCain voted with the Republicans 79% of the time. Now .. just sit on your hands and wait for the MoveOn Media to report that one. Sit on your hands, but for God's sake don't hold your breath.

"John McCain wants to tax your health insurance benefits."

He's right, but here's the rest of the story. Let's say that you and your brother work for different companies. Your company provides you with health insurance. Your brother has to buy his own. Your boss gets a tax deduction for the cost of your health insurance. Your brother does not get a tax deduction for the cost of his health insurance. In effect, he is paying much more than you are for the same policy. Not fair. There's a reason for this. For decades government has wanted to coerce you into getting insurance through your employer. This gets you acclimated to the idea of someone else -- someone besides yourself -- is responsible for your health care. The end result is that the government, in effect, subsidizes the cost of your health insurance, but not your brother's. Now McCain has this idea of a $5,000 tax credit for every family to pay for their own health insurance policy. To make this work everyone has to start from the same starting line. Remember, you're subsidized, your brother is not. So McCain takes away the tax deduction your employer gets for your health insurance. There ... now we're all of equal standing when the $5,000 tax credits start coming out.

Now that wasn't too hard, was it?

Now .. just in case you've read something here, heard something on my show or gathered some information from some other source that might cause you to switch your vote from Obama to McCain ... just remember. You're a racist. There is only one reason NOT to vote for Barack Obama, and that's if you're a robe-wearing, cross-burning Klansman. Just so you know. You're going to have that on your conscience.

http://boortz.com/nuze/index.html
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Old 10-27-2008, 10:49 AM   #70
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Old 10-27-2008, 11:00 AM   #71
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I had to snip as the post was too long.

Quote:
Originally Posted by TheMercenary View Post
... and we know that the MoveOn Media isn't exactly what we would call "eager" to challenge God's Candidate on any of these issues.
God's Candidate? Wow. I thought he was Muslim.
Quote:
Now if you're educated in our wonderful government schools you may find this challenging. Stick with it. In spite of what the government has done to you, you can generate some new brain cells that will help you deal with this stuff. It would also help if you got your campaign news from somewhere other than Saturday Night Live.
Those wonderful schools have been run by the Republican Government for 8 years - I should hope they are wonderful.
Quote:
"I'm going to cut taxes for 95% of Americans."
This Obama promise has already been pretty much debunked in the media. The problem is that it hasn't been debunked on the Black Entertainment Television network or on Inside Edition or Entertainment Tonight. Until these television outlets bring forth the facts most of Obama's supporters won't know the truth.
Oh. If you're assuming a majority vote for Obama, then the majority of Americans are facile, shallow and stupid. Goodness. Well, you said it, I suppose you would know.
Quote:
And what is the truth? The truth is that almost one-half of working Americans eligible to vote don't pay federal income taxes in the first place. This brings forth the interesting question of how do you cut taxes for people who don't pay taxes. What Obama has done here is change the definition of "tax cut."
Hang on - one half of Americans don't pay federal income tax. At present. Under the current Government. So I guess that's okay, right? But how can working people benefit in that case? Because of course it's about the workers and not about those who have not earned it.
Quote:
So .. for those who don't pay taxes, here are some of the "tax cut" checks you'll be getting from The Chosen One:
A $500 "make work pay" payment.
A $4,000 payment for college tuition.
A payment equal to 10% of your mortgage interest
A payment equal to 50% of the amount of money you put into a savings account up to $1000.
A payment equal to 50% of the amount of money you pay for child care up to $6000.
A payment of up to $7,000 if you purchase a "clean car." By that Obama means an environmentally correct car.
Plus ... an expansion of the earned income tax credit .. increased payments on top of your earnings if the government doesn't feel you are earning enough.
Sooooooo, all those seem to be about people in work, getting rewarded for making choices that are good for America and good for the world.
Quote:
There you go ... Obama's "tax cuts." Sounds pretty good, doesn't it. Well, I guess it is, if you're not too successful it IS pretty good. Remember, the harder you work the lower these payments get. Barack Obama's tax plans are all about punishing success and rewarding failure.
Eh? It seems skewed to benefit families, those in work, those paying mortgages, those in education, those making ecological choices... Can't see no benefits fo crack hos there bro.[quote]
Quote:
"95% of small businesses won't pay any more taxes."

Once people started hearing that the very people that Obama wanted to raise taxes on are the people we depend on for jobs, The BO campaign had to come up with a line to neuter the "small business" argument. Barack Obama knows he's in trouble if the voters find out that 70% of all extant jobs are in the small business sector and that 80% of all new jobs are coming from small businesses. So, Obama comes up with this line about 95% of small businesses not paying any more taxes under his plan.
Hmmmm. How many people here work for a small business. Raise your hands? New jobs, yes. Because established companies don't create new jobs, they just expand. New businesses are small businesses and they create jobs out of nothing.
Quote:
Here's the trick. Let me illustrate reality with a simple comparison...
What? "Let's say" that this isn't the case at all and play with the figures that way. Let's say does not present any accurate facts, it's supposition.
Quote:
The point here is that it's not the percentage of small businesses your tax increases hit, it's the percentage of small business employees. Unfortunately that nuance is lost on the majority of voters educated by the government, and the MoveOn Media sure isn't going to take the time to explain it to you. Obama's tax increases are going to hit the small business owners who employ the most people. They are the ones that make the most money. These business owners are going to respond to the tax increases one of two ways. They'll increase prices -- which hit all of us -- or they'll cut expenses. Their number one expense? Personnel. Vote for Obama, say TTFN to your job. Makes perfect sense to me, but then I was government educated too.
So the taxes are higher for the most successful businesses. I'm shocked. Bear in mind they are taxed on profits, and salaries are accounted for before profits are calculated. Still, we'll see shall we. If all the small businesses go to the wall if Obama is elected we'll know you were right.
Quote:
"John McCain voted with George Bush 90% of the time."

First of all, George Bush doesn't cast votes in the U.S. Senate, though McCain and Obama do. The best way to judge how they vote is to see how often they vote with their respective parties. You might want to get those nuisance resolutions proclaiming the need for a colonoscopy every once in a while out of the way. That would leave some key votes for you to consider. The Congressional Research Service did the work. They looked at votes for Obama and McCain on KEY issues. The results? Barack Obama voted with Democrats 97% of the time. John McCain voted with the Republicans 79% of the time.
Hang on, we're back to all Americans are stupid again, aren't we?
Quote:
"John McCain wants to tax your health insurance benefits."

He's right, but here's the rest of the story. Let's say that you and your brother work for different companies...
And now we're back to Let's Say. Ooh I like this game!
Quote:
Now that wasn't too hard, was it?
No it wasn't, but then I wasn't educated in America, which apparently makes you a moron.
Quote:
Now .. just in case you've read something here, heard something on my show or gathered some information from some other source that might cause you to switch your vote from Obama to McCain ... just remember. You're a racist. There is only one reason NOT to vote for Barack Obama, and that's if you're a robe-wearing, cross-burning Klansman. Just so you know. You're going to have that on your conscience.
Oh right. Blimey, and I thought you were serious about all the above. Now I realise it was just a joke and that was all a pile of shit. Phew! Thanks!
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Old 10-27-2008, 12:06 PM   #72
classicman
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Just goes to show we each see what we want to see. Yay, 8 days left.
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Old 10-27-2008, 12:11 PM   #73
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I know.
And I do accept my bias.

But on the flip side I don't watch Michael Moore films now because I know you could drive a bus through his arguments and it annoys me.
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Old 10-27-2008, 12:13 PM   #74
classicman
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OMG - Did you just find that out? He is as full of shit, if not more, than the asshats on the right. The problem is position allows him to reach a lot more people than the others.
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Old 10-27-2008, 12:15 PM   #75
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I didn't just find that out, no.
I came to that conclusion watching his first film with my right-wing bf.
He was so impressed that I could spot left wing spin we had fantastic sex.

Thanks Mike.
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